Worldwide RAN revenues are projected to reach $0.2 Trillion over the 2019 to 2024 forecast period to accommodate the surging demand for 5G, according to report by Dell'Oro Group.
"Following three consecutive years of declining worldwide RAN revenues between 2015 and 2017, the global upswing that began in the second half of 2018 has become deeper and stronger, reflecting a shift from 4G to 5G that is accelerating at a torrid pace, much faster than anyone expected," said Stefan Pongratz, Vice President and analyst with the Dell'Oro Group. "We expect these trends to propel the overall RAN market to advance at a healthy pace over the near-term accommodating an intense 5G capex envelop before growth tapers off in the outer part of the forecast period resulting in a flat CAGR between 2019 and 2024," continued Pongratz.
Other highlights from the Mobile RAN 5-Year Forecast Report:
- 5G NR RAN investments to surpass $100 Billion.
- 5G NR small cell market to approach 10 percent to 20 percent of overall 5G NR market.Global macro and small cell transceiver shipments to approach 0.7 Billion.Millimeter Wave 5G NR to account for one sixth of overall small cell investments.
